In my mind the premise of a class suit would be " that by knowingly enticing new clients while knowlingly not being able to give their existing clients professional, expedicious and timely service the brokerage has put their own financial interests ahead of the client and exposed them to unconscianable financial loss".
This in my mind becomes a matter also for the Securities commisssions of the Provinces in which TD Waterhouse operates.
There are legal entities that specialize in this type of legal impropriety in the securities industry and an example of one in the US is:
Applies to: ANLT FMKT JDN SUNS THQI)
Class Action Complaints Filed on Behalf of Investors Announces The Law
Firm of Levy And Levy, P.C.
The law firm of Levy and Levy, P.C. today announced that securities actions
requesting class action certification have been initiated in various courts
alleging violations of federal and/or state securities laws on behalf of
purchasers of the following securities for the following class periods:
CORPORATION CLASS PERIOD
Analytical Surveys, Inc. (Nasdaq: ANLT) 01/25/1999 - 01/26/2000
FreeMarkets, Inc. 12/10/1999 - 01/04/2000
Indus International, Inc. 10/29/1999 - 01/27/2000
JDN Realty Corporation 03/31/1997 - 02/11/2000
SunStar Healthcare, Inc. (Nasdaq: SUNS) 11/13/1999 - 12/14/1999
THQ, Inc. (Nasdaq: THQI) 10/26/1999 - 02/10/2000
No class has yet been certified in the above actions. Until a class is
certified, an investor is not represented. If you purchased stock during a
class
period, you have the right to be represented by counsel and to participate
in an
action as a plaintiff.
Accordingly, if you purchased stock of any of the above listed companies
during
the class period and would like to discuss your legal rights and interests,
please contact: Stephen G. Levy, Esq. of Levy and Levy, P.C., 245 Park
Avenue,
39th Floor, New York, NY 10167 at 888-626-0003 or 212-792-4343, via e-mail
at
action@levylawfirm.com , or visit their website at
levylawfirm.com .
All e-mail correspondence should indicate name of shares purchased.
SOURCE Levy and Levy, P.C.
(C) 2000 PR Newswire. All rights reserved.
-0-
CONTACT: Stephen G. Levy, Esq. of Levy and Levy, P.C.,
888-626-0003 or
212-792-4343, or action@levylawfirm.com
KEYWORD: New York
URL: levylawfirm.com
I don't know of a class action lawyer in Canada but perhaps we can seek one out and get the ball rolling.
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